Why Single and Divorced Parents Should Elect Life Insurance Through Job Benefits
Nov 23, 2024As a single or divorced parent, your children depend on you for love, guidance, and stability. But have you considered how you’d protect their future if something unexpected happened? Electing life insurance through your job’s benefit plan is one of the simplest and most impactful ways to care for your family.
Here’s why opting into your employer’s life insurance program is a must:
1️⃣ Affordable and Convenient
Group life insurance offered through work is often more affordable than private plans. Many employers cover part—or even all—of the cost. Plus, the process is usually straightforward, with no medical exams required for basic coverage.
2️⃣ Immediate Protection
When you elect coverage through your employer, your children gain financial security in the event of your passing. Life insurance benefits can help cover essential expenses like housing, education, and daily living costs, ensuring their lives remain stable.
3️⃣ It’s Part of Being a Wise Steward
Proverbs 13:22 says, “A good man leaves an inheritance to his children’s children.” Life insurance is a way to leave your children with more than memories. It’s a way to give them financial security and a brighter future, even in your absence.
4️⃣ Open Enrollment Is Your Opportunity
Many employers only allow changes to benefits during specific periods, like open enrollment. Don’t miss your chance to check the box for life insurance and secure peace of mind.
💡 What You Can Do Today:
- Review your job’s life insurance offerings.
- Elect a policy that covers at least 5–10 times your annual income.
- Speak to your HR team if you need help understanding your options.
This isn’t just a financial decision—it’s a way to love and protect your family well. If you’ve already made this choice, how has it brought you peace? Share your thoughts below to inspire others!
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